Divestiture

Exxon Mobil Considers Divesting $1 Billion Gas Station Network in Singapore

1 month ago

Exxon Mobil Corp. is reportedly exploring the possibility of selling its extensive network of gas stations in Singapore, a move that could generate upwards of $1 billion. This potential divestiture highlights the company's ongoing efforts to streamline its operations and enhance its focus on more lucrative markets amidst shifting energy dynamics and pressures for lower carbon emissions.

Rentokil Mulls $500 Million Divestiture of French Workwear Segment

2 months ago

In a significant strategic move, Rentokil Initial, the global leader in pest control and hygiene services, is reportedly considering the sale of its French workwear division valued at approximately $500 million. Sources familiar with the matter disclosed that this decision comes as part of the company's broader strategy to streamline operations and enhance financial performance.